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Guaranteed Minimum Income is Fairyland Stuff

SOCIOLOGY
Many in Australia are calling for a guaranteed minimum wage whether a person earns it or not. If a low paid job for say 30 hours a week is below this minimum then the state will top it up. This sounds fair at first instance, but there is the problem of government income to pay for this and the world economic environment that thrives on low wages.
Guaranteed income in Australia
If every country in the world did it, the system would be viable. Unfortunately, humans are greed driven. We are nice to each other. This in only to a degree, however. Man is torn between egalitarianism and competition. The Star Trek world where only those who want to work abandon their sloth and actually go to work is far off in the future.

When I was young the dole was quite high. It was meant for times between jobs to maintain family income. Indeed, in England those who paid more tax got a higher rate of unemployment. This was definitely not egalitarian. The Australian benefit has fallen way behind the cost of living - the lowest in the OECD. It is only food money now. Forget putting a roof over you're head. It can't be done, unless you are female with eight dependent children.

The question has also been made about voting rights. If you have no abode you do not have the right to receive unemployment benefits nor can you vote in elections. The marginalized get more marginalized.

Paul Keating, ironically a Labor politician, brought in compulsory superannuation with the aim of virtually eliminating the old age pension. This concept has gone by the board now with a series of conservative governments messing around with the rules to reduce accumulation of capital for retirement. The idea of allowing drawing of superannuation to purchase houses was an idea to 'feel the waters". It was quietly dumped.

There has always been a pool of very poor people to fuel economic growth. They are essentially needed for manual or repetitive tasks to generate income for the already rich. The poor do drive the world economy even today. If this pool did not exist, consumers would have to pay a higher price for goods. It would make for a better world to live in.
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